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COVID-19 Lockdown: CIPC Issues Notice to Clarify the Ongoing Online Services

The President announced the extension of national lockdown till the end of April with the hope of surviving the pandemic and flattening the curve. Post this news, the governing agency of the Department of Trade and Industry in South Africa, CIPC, stepped forward to the aid of businesses within the country.

In the face of this global crisis, CIPC has committed to relieving the stress of businesses by operating through its fully automated services. However, in its latest notice, CIPC has made some notable amendments from its previous announcement.

To file Annual Returns and other Financial Statements, CIPC has extended the period for two weeks after the national lockdown ends or till CIPC issues another order. The extension is also applied to deferring penalties, compliance checklist, and preparations of annual financial statements as per the norms.

However, the extension is only applicable to companies with the filing period falling during the lockdown period. Companies for which the filing period falls beyond, CIPC mandates a regular filing process.

The CIPC has announced the same extension orders for other services like name reservations, business rescue, company name changes, amongst others.

In the current notice, it also clarified the functional online channel for availing fully automated services alongside a table of non-operating channels to eliminate any ambiguity in communication.

We have tabulated the entire list of fully automated services that are functional during the lockdown period and the platforms on which they are available for the users:-

Service Available ChannelUnavailable Channel
Annual Returns including Annual Financial Statements or Statements of Financial Accountability SupplementE-servicesMobile App

Self-Service Centres

Third-Party Model

Short Standard Private Company WITHOUT NAMEBizPortalMobile App

E-Services

Self-Service Centres

Third-Party Model

Banks

Enterprise SearchE-Services,

BizPortal

 

N/A
R30 DisclosureE-ServicesN/A
Company and Close Corporation Financial Year End ChangesE-Service

 

Third-Party Model

Self-Service Centres

 

Company and Close Corporation Address ChangesE-Services

 

Third-Party Model

Self-Service Centres

 

Auditor, Accounting Officer and Company Secretary ChangesE-Services

 

Third-Party Model

 

Company Name ChangesE-ServicesThird-Party Model

Self-Service Centres

 

BB-BEE CertificateE-Services,

BizPortal

Third-Party Model

Self-Service Centres

 

Domain Name RegistrationE-ServicesN/A

 

If you are looking for further information on CIPC updates or an in-depth understanding of iXBRL filing, please allow our experts to guide you. In these challenging times of a COVID 19-induced financial slowdown, our entire team has been dedicatedly offering their expert services and consultation to one and all. Reach out to us at enquiry@datatracks.co.za and we’ll connect with you as soon as possible.

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